2023 Q1 Form 10-K Financial Statement
#000149315223008326 Filed on March 21, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 Q1 |
---|---|---|---|
Revenue | $34.43K | $1.324M | |
YoY Change | -97.4% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $2.051M | ||
YoY Change | 32.43% | ||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $75.00K | ||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $407.4K | $2.508M | |
YoY Change | -83.76% | 61.96% | |
Operating Profit | -$372.9K | -$1.184M | |
YoY Change | -68.5% | ||
Interest Expense | $956.00 | $345.1K | |
YoY Change | -99.72% | -100.8% | |
% of Operating Profit | |||
Other Income/Expense, Net | $23.95K | $0.00 | |
YoY Change | -100.0% | ||
Pretax Income | -$334.8K | -$838.9K | |
YoY Change | -60.09% | -98.13% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$334.8K | -$838.9K | |
YoY Change | -60.09% | -98.13% | |
Net Earnings / Revenue | -972.35% | -63.34% | |
Basic Earnings Per Share | -$0.01 | -$0.02 | |
Diluted Earnings Per Share | -$0.01 | -$16.22K | |
COMMON SHARES | |||
Basic Shares Outstanding | 85.65M shares | 78.15M shares | 75.62M shares |
Diluted Shares Outstanding | 94.25M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $756.6K | ||
YoY Change | -82.5% | ||
Cash & Equivalents | $294.3K | $34.94K | $756.6K |
Short-Term Investments | |||
Other Short-Term Assets | $107.0K | ||
YoY Change | -69.06% | ||
Inventory | |||
Prepaid Expenses | $9.696K | $24.90K | |
Receivables | $197.3K | $167.2K | $131.0K |
Other Receivables | $0.00 | ||
Total Short-Term Assets | $937.9K | $1.025M | $994.6K |
YoY Change | -5.7% | 56.45% | -78.71% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $480.8K | ||
YoY Change | 1201850.0% | ||
Other Assets | $66.40K | ||
YoY Change | |||
Total Long-Term Assets | $2.790M | $594.9K | $4.647M |
YoY Change | -39.96% | -87.29% | 15490500.0% |
TOTAL ASSETS | |||
Total Short-Term Assets | $937.9K | $1.025M | $994.6K |
Total Long-Term Assets | $2.790M | $594.9K | $4.647M |
Total Assets | $3.728M | $1.620M | $5.642M |
YoY Change | -33.92% | -69.64% | 20.78% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | ||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.383M | $1.588M | $1.333M |
YoY Change | 3.75% | 27.03% | -33.75% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | ||
YoY Change | -100.0% | ||
Other Long-Term Liabilities | $171.1K | ||
YoY Change | -99.55% | ||
Total Long-Term Liabilities | $171.1K | ||
YoY Change | -99.55% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.383M | $1.588M | $1.333M |
Total Long-Term Liabilities | $171.1K | ||
Total Liabilities | $1.383M | $1.588M | $996.9K |
YoY Change | 38.71% | -7.93% | -97.5% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$41.76M | -$41.43M | |
YoY Change | 17.53% | ||
Common Stock | $44.24M | $42.34M | |
YoY Change | 6.51% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.478M | $914.1K | $4.645M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.728M | $1.620M | $5.642M |
YoY Change | -33.92% | -69.64% | 20.78% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$334.8K | -$838.9K | |
YoY Change | -60.09% | -98.13% | |
Depreciation, Depletion And Amortization | $75.00K | ||
YoY Change | |||
Cash From Operating Activities | -$425.3K | -$328.9K | |
YoY Change | 29.31% | -45.7% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $684.6K | 518.5K | |
YoY Change | 32.04% | -89.41% | |
NET CHANGE | |||
Cash From Operating Activities | -$425.3K | -328.9K | |
Cash From Investing Activities | |||
Cash From Financing Activities | $684.6K | 518.5K | |
Net Change In Cash | $259.3K | 189.6K | |
YoY Change | 36.77% | -95.58% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$425.3K | -$328.9K | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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CY2022 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
6601 | usd |
CY2021 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
65499 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
440065 | usd |
CY2021 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-13771835 | usd |
CY2022 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
2625000 | usd |
CY2022 | MWRK |
Income Loss From Investments Write Off
IncomeLossFromInvestmentsWriteOff
|
-430005 | usd |
CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2511107 | usd |
CY2021 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-13625681 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-6204165 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-23661319 | usd |
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
8122 | usd |
CY2021 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-912269 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6212287 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-22749050 | usd |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.08 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.37 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
77468853 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
61125454 | shares |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-6204165 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-23661319 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
-31977 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
786271 | usd |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1887737 | usd |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3799141 | usd |
CY2022 | MWRK |
Consulting Expense Sharebased Compensation
ConsultingExpenseSharebasedCompensation
|
29997 | usd |
CY2022 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
2625000 | usd |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
300000 | usd |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
75000 | usd |
CY2022 | MWRK |
Change In Fair Value Of Investment
ChangeInFairValueOfInvestment
|
-32648 | usd |
CY2022 | MWRK |
Income Loss From Investments Write Off
IncomeLossFromInvestmentsWriteOff
|
-430005 | usd |
CY2022 | MWRK |
Change In Derivative Liability
ChangeInDerivativeLiability
|
440065 | usd |
CY2021 | MWRK |
Change In Derivative Liability
ChangeInDerivativeLiability
|
-13771835 | usd |
CY2021 | MWRK |
Deconsolidation
Deconsolidation
|
-120478 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
167213 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-90333 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-80895 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
69942 | usd |
CY2022 | MWRK |
Increase Decrease In Accrued Interest Notes Receivable
IncreaseDecreaseInAccruedInterestNotesReceivable
|
117720 | usd |
CY2021 | MWRK |
Increase Decrease In Accrued Interest Notes Receivable
IncreaseDecreaseInAccruedInterestNotesReceivable
|
24773 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
223536 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1105443 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
43557 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-135965 | usd |
CY2022 | us-gaap |
Increase Decrease In Notes Payable Related Parties
IncreaseDecreaseInNotesPayableRelatedParties
|
7292 | usd |
CY2021 | us-gaap |
Increase Decrease In Notes Payable Related Parties
IncreaseDecreaseInNotesPayableRelatedParties
|
-378860 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
77700 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1222773 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4763314 | usd |
CY2021 | us-gaap |
Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
|
1250000 | usd |
CY2021 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
3000000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4250000 | usd |
CY2022 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
221250 | usd |
CY2022 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
13077 | usd |
CY2021 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
469753 | usd |
CY2021 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
1362234 | usd |
CY2022 | MWRK |
Proceeds From Issuance Of Enderbyworks Shares To Minority Shareholders
ProceedsFromIssuanceOfEnderbyworksSharesToMinorityShareholders
|
4900 | usd |
CY2021 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
32500 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
477611 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
8894831 | usd |
CY2021 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
272810 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
690684 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9547002 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-532089 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
533688 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
567030 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
33342 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
34941 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
567030 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2521 | usd |
CY2022 | MWRK |
Stockbased Compensation Reversal Forfeiture
StockbasedCompensationReversalForfeiture
|
31977 | usd |
CY2021 | MWRK |
Stockbased Compensation Reversal Forfeiture
StockbasedCompensationReversalForfeiture
|
786271 | usd |
CY2022 | MWRK |
Stockbased Compensation Related Party Noncash Investing And Financing Activities
StockbasedCompensationRelatedPartyNoncashInvestingAndFinancingActivities
|
1887737 | usd |
CY2021 | MWRK |
Stockbased Compensation Related Party Noncash Investing And Financing Activities
StockbasedCompensationRelatedPartyNoncashInvestingAndFinancingActivities
|
3799141 | usd |
CY2022 | MWRK |
Consulting Expenses Shareholder Compensation
ConsultingExpensesShareholderCompensation
|
29997 | usd |
CY2022 | MWRK |
Noncash Change In Fair Value Of Derivative Liability
NoncashChangeInFairValueOfDerivativeLiability
|
440065 | usd |
CY2021 | MWRK |
Noncash Change In Fair Value Of Derivative Liability
NoncashChangeInFairValueOfDerivativeLiability
|
15091477 | usd |
CY2022 | MWRK |
Derivative Writeoff Of Expired Warrants
DerivativeWriteoffOfExpiredWarrants
|
34530 | usd |
CY2021 | MWRK |
Conversion Of Convertible Debt
ConversionOfConvertibleDebt
|
476509 | usd |
CY2022 | MWRK |
Change In Fair Value Of Investments
ChangeInFairValueOfInvestments
|
32648 | usd |
CY2022 | MWRK |
Loss For Investment Writeoff
LossForInvestmentWriteoff
|
430005 | usd |
CY2022 | MWRK |
Accounts Payable Settled For Stock Issuance
AccountsPayableSettledForStockIssuance
|
251499 | usd |
CY2022 | MWRK |
Loss On Impairment Of Intangible
LossOnImpairmentOfIntangible
|
2625000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-5726030 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
786271 | usd |
CY2021 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
3799140 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
2518086 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
32500 | usd |
CY2021 | MWRK |
Stock Issued During Period Stock Warrants Exercised
StockIssuedDuringPeriodStockWarrantsExercised
|
19907082 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
476509 | usd |
CY2021 | MWRK |
Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
|
4304153 | usd |
CY2021 | MWRK |
Stock Issued During Period Value Deconsolidation
StockIssuedDuringPeriodValueDeconsolidation
|
1174983 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-23661319 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3611375 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
-31977 | usd |
CY2022 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
1855233 | usd |
CY2022 | MWRK |
Stock Issued During Period Value Prior Period Adjustment To Correct Error In Share Based Compensation
StockIssuedDuringPeriodValuePriorPeriodAdjustmentToCorrectErrorInShareBasedCompensation
|
32504 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
444111 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
29997 | usd |
CY2022 | MWRK |
Stock Issued During Period Value Noncontrolling Interest
StockIssuedDuringPeriodValueNoncontrollingInterest
|
4900 | usd |
CY2022 | MWRK |
Stock Issued During Period Stock Warrants Expiry
StockIssuedDuringPeriodStockWarrantsExpiry
|
34530 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
222389 | usd |
CY2022 | MWRK |
Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
|
33500 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-6204165 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
32397 | usd |
CY2022 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | |
CY2022 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2010-07-20 | |
CY2010Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2010Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-41428167 | usd |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-35248384 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_845_eus-gaap--UseOfEstimates_zcB8zdx5Kome" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_863_z2CxyYRSl2Ti">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and these differences could be material.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The most significant estimates made by management in the preparation of the financial statements relate to the estimates used to calculate the fair value of certain liabilities, the derivative liability, present value of note payable and note receivable, the valuation of the investments and any impairment and the net book value of long-lived assets. Management bases its estimates on historical experience and on other various assumptions that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ materially from such estimates under different assumptions and conditions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2022Q2 | MWRK |
Number Of Underlying Shares For Outstanding Warrants
NumberOfUnderlyingSharesForOutstandingWarrants
|
2108750 | shares |
CY2022 | us-gaap |
Debt Conversion Description
DebtConversionDescription
|
Note is convertible into shares of common stock of the Company. In a default situation, the holder of the Note has the right to convert all or any part of the unpaid balance of the Note into shares of common stock of the Company, at a conversion price that is equal to the lowest trading price for the shares of common stock during the twenty-five trading days prior to the conversion date. Upon the occurrence and during the continuation of any event of default, the Note would immediately become due and payable and, if the Company wishes to repay the Note in cash, the Company would pay an amount equal to 200% of the then outstanding unpaid amounts owed. | |
CY2022 | us-gaap |
Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
|
13077 | usd |
CY2022Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
0 | usd |
CY2021Q4 | us-gaap |
Cash
Cash
|
0 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
167213 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
24896 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
27500 | usd |
CY2021Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
60791 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
24896 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
88291 | usd |
CY2022 | us-gaap |
Payments For Deposits
PaymentsForDeposits
|
57500 | usd |
CY2022 | us-gaap |
Marketing Expense
MarketingExpense
|
57500 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
2043 | usd |
CY2022 | us-gaap |
Legal Fees
LegalFees
|
691 | usd |
CY2022 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
6601 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
440065 | usd |
CY2021Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
474595 | usd |
CY2022Q4 | us-gaap |
Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
|
2023-02-04 | |
CY2022Q4 | us-gaap |
Interest Receivable Current
InterestReceivableCurrent
|
142493 | usd |
CY2021Q4 | us-gaap |
Interest Receivable Current
InterestReceivableCurrent
|
24773 | usd |
CY2021Q3 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P10Y | |
CY2021Q3 | us-gaap |
Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
|
3000000 | usd |
CY2022 | us-gaap |
Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
|
P10Y | |
CY2021Q4 | us-gaap |
Sublease Income
SubleaseIncome
|
1250000 | usd |
CY2022Q4 | MWRK |
Impairment Of Intangible Asset
ImpairmentOfIntangibleAsset
|
2625000 | usd |
CY2022 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P10Y | |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
3000000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
3000000 | usd |
CY2022Q4 | MWRK |
Impairment Of Intangible Asset
ImpairmentOfIntangibleAsset
|
2625000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
375000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
75000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2925000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
75000 | usd |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
300000 | usd |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
75000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
375000 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
75000 | usd |
CY2021Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.10 | |
CY2022Q4 | MWRK |
Investments Related Party Noncurrent
InvestmentsRelatedPartyNoncurrent
|
627 | usd |
CY2021Q4 | MWRK |
Investments Related Party Noncurrent
InvestmentsRelatedPartyNoncurrent
|
480780 | usd |
CY2022Q2 | MWRK |
Stock Issued During Period Related Outstanding Warrants
StockIssuedDuringPeriodRelatedOutstandingWarrants
|
2108750 | shares |
CY2022Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
77700 | usd |
CY2022Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
77700 | usd |
CY2021Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
0 | usd |
CY2021Q4 | us-gaap |
Interest Receivable Current
InterestReceivableCurrent
|
24773 | usd |
CY2022Q2 | MWRK |
Stock Issued During Period Shares Stock Warrants Expired
StockIssuedDuringPeriodSharesStockWarrantsExpired
|
2108750 | shares |
CY2022Q2 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
34530 | usd |
CY2022Q2 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
135978 | usd |
CY2022Q2 | MWRK |
Derivative Liabilities Written Off
DerivativeLiabilitiesWrittenOff
|
34350 | usd |
CY2022Q4 | MWRK |
Stock Issued During Period Related Outstanding Warrants
StockIssuedDuringPeriodRelatedOutstandingWarrants
|
7900000 | shares |
CY2021Q4 | MWRK |
Stock Issued During Period Related Outstanding Warrants
StockIssuedDuringPeriodRelatedOutstandingWarrants
|
7900000 | shares |
CY2022Q4 | MWRK |
Number Of Underlying Shares For Outstanding Warrants
NumberOfUnderlyingSharesForOutstandingWarrants
|
7900000 | shares |
CY2021Q4 | MWRK |
Number Of Underlying Shares For Outstanding Warrants
NumberOfUnderlyingSharesForOutstandingWarrants
|
7900000 | shares |
CY2021Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
18102771 | usd |
CY2020Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
11330000 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
3813593 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
18494021 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
|
2108750 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
|
11721250 | shares |
CY2022Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
19807614 | usd |
CY2021Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
18102771 | usd |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.6033 | |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.7088 | |
CY2021Q2 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
4504600 | shares |
CY2021Q2 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
135138 | usd |
CY2021Q2 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
3413700 | shares |
CY2021Q2 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
341370 | usd |
CY2021Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
51217 | shares |
CY2021Q4 | MWRK |
Class Of Warrant Shares Exercised
ClassOfWarrantSharesExercised
|
11721250 | shares |
CY2022Q1 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
488281 | shares |
CY2022Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.2048 | |
CY2022Q1 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
100000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
244111 | usd |
CY2022Q4 | us-gaap |
Share Price
SharePrice
|
0.09 | |
CY2021Q4 | us-gaap |
Share Price
SharePrice
|
0.34 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
0.09 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P10Y | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0304 | pure |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.8992 | pure |
CY2022 | MWRK |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Dividend Per Share
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsDividendPerShare
|
0.00 | |
CY2021 | MWRK |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Dividend Per Share
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsDividendPerShare
|
0.00 | |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
3897793 | usd |
CY2021Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
2890509 | usd |
CY2021 | MWRK |
Carry Forwards Expire
CarryForwardsExpire
|
expire through the year 2042 | |
CY2022 | us-gaap |
Income Tax Examination Description
IncomeTaxExaminationDescription
|
The Tax Cuts and Jobs Act was enacted on December 22, 2017, which reduced the U.S. corporate statutory tax rate from 35% to 21% beginning on January 1, 2018. We used 21% as an effective rate | |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-6212287 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-22749050 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-1304580 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-4777301 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
389710 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
962936 | usd |
CY2022 | MWRK |
Income Tax Reconciliation Change In Derivatives
IncomeTaxReconciliationChangeInDerivatives
|
-92414 | usd |
CY2021 | MWRK |
Income Tax Reconciliation Change In Derivatives
IncomeTaxReconciliationChangeInDerivatives
|
2892085 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
1007284 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
922280 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
3897793 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
2890509 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
3897793 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
2890509 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
3897793 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
2890509 | usd |
CY2021Q4 | us-gaap |
Minority Interest
MinorityInterest
|
-894742 | usd |
CY2020Q4 | us-gaap |
Minority Interest
MinorityInterest
|
-333415 | usd |
CY2022 | MWRK |
Stock Issued During Period Value Noncontrolling Interest
StockIssuedDuringPeriodValueNoncontrollingInterest
|
4900 | usd |
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
8122 | usd |
CY2021 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-912269 | usd |
CY2021 | us-gaap |
Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
|
350942 | usd |
CY2022Q4 | us-gaap |
Minority Interest
MinorityInterest
|
-881720 | usd |
CY2021Q4 | us-gaap |
Minority Interest
MinorityInterest
|
-894742 | usd |